(UNDATED) - Indiana's horse-racing tracks want to pay less in taxes on the slot-machine annexes they opened last year.

Hoosier Park in Anderson and Indiana downs in Shelby County complain the combination of the $250 million dollar licensing fee they had to pay to install slots and the taxes they pay on slots income is crippling their bottom line.

Rod Ratcliff, CEO of Hoosier Park parent company Centaur, warns his track could fold if it doesn't receive relief.